1. A bond has a face value of $80,000 and matures in 78 days. What's the bank discount yield if the bond is currently selling for $79,211.44?

A. 4.87%

B. 4.55%

C. 5.68%

D. 5.23%

2.A bond has a modified duration of 9.45 and yield to maturity of 7.8 percent. If interest rates increase by 60 basis points, the bond's price will decrease by _______ percent.

A. 3.89

B. 4.38

C. 5.67

D. 6.33

3.The price of a bond decreased by 2.32 percent in response to an increase in the yield to maturity from 5.8 to 6.7 percent. What's the bond's Macaulay duration?

A. 3.10 years

B. 2.65 years

C. 3.53 years

D. 2.89 years